Issue price
₹6,199 per gram
₹6,149 for online applications paying digitally
SGB 2023-24 Series III: Issue Price ₹6,199, Redemption Dates and Value Today
Source: RBI press releases · latest release 15 Dec 2023 · fetched 23 Oct 2026, 8:47 PM IST (rbi.org.in)
Value today (indicative)
₹14,281 up by ₹8,082 (130.38%)
vs the issue price · Mean of IBJA’s 999 closing price on 21 Oct 2026, 22 Oct 2026, 23 Oct 2026 — RBI’s rule applied to our own data. Indicative only: RBI fixes the price for each redemption date from the three business days before it, and only that figure is a price.
Key dates
- Subscription period
- –
- Date of issue
- Interest
- 2.5% a year on the issue price, paid every six months on 28 Dec and 28 Jun
- Premature redemption
- From 28 Dec 2028 (five years from issue), on each interest date Next date by the scheme’s terms: 28 Dec 2028. RBI’s half-yearly calendar confirms the exact date and the window to apply.
- Maturity
- 28 Dec 2031 (eight years from issue)
- Status
- Not yet redeemable — premature redemption opens on 28 Dec 2028
RBI’s redemption prices for SGB 2023-24 Series III
RBI has not yet published a redemption price for this tranche; its first premature redemption date is 28 Dec 2028.
Frequently asked questions
What was the issue price of SGB 2023-24 Series III?
₹6,199 per gram, ₹6,149 for online applications paying digitally. It was open for subscription from 18 Dec 2023 to 22 Dec 2023 and issued on 28 Dec 2023 (RBI press release of 15 Dec 2023).
When does SGB 2023-24 Series III mature?
On 28 Dec 2031, eight years from its issue on 28 Dec 2023. RBI repays the unit at the simple average of IBJA’s closing price of 999 gold over the three business days before the date, and pays the last interest with it.
When can SGB 2023-24 Series III be redeemed early?
From 28 Dec 2028, five years after issue, on every interest date (28 Dec and 28 Jun each year) until maturity — the next such date is 28 Dec 2028. Apply through the bank, post office or broker the bond was bought through, in the window RBI’s calendar gives.
What is SGB 2023-24 Series III worth today?
Indicatively ₹14,281 per unit — the mean of IBJA’s 999 closing price on 21 Oct 2026, 22 Oct 2026, 23 Oct 2026, which is RBI’s rule applied to the latest closes. That is +₹8,082 (+130.38%) on the issue price of ₹6,199, before interest. RBI fixes the actual price for each redemption date.
How much interest does SGB 2023-24 Series III pay?
2.5% a year on the issue price of ₹6,199 per gram — ₹154.98 per unit a year, paid in two halves on 28 Dec and 28 Jun, the last one with the redemption. Interest is taxable as income.